# Philippines says rice importers may shift to cheaper Indian grains

> The Philippines' finance secretary said the country, a top rice importer, may buy more cargoes from outside Southeast Asia, citing India as a cheaper source. The government has cut its most-favored-nation rice tariff to a single 35% rate, down from 40% in-quota and 50% out-of-quota, to diversify supply and contain food inflation.

- Date: 2021-06-07 · published 2021-06-07T12:00:00.000Z
- Category: trade · region Philippines · magnitude low
- Page: https://feedsoft.ai/events/46662-philippines-says-rice-importers-may-shift-to-cheaper-indian-grains
- Commodities: [Rough Rice](https://feedsoft.ai/c/RICE.md)

## Why it matters

Shifting demand toward lower-priced Indian rice and a lower tariff could pressure Asian export quotes, particularly Vietnamese and Thai rice. The effect on U.S. rough rice futures is likely limited.

## Read by commodity

- RICE: bearish ▼

## Similar past events

| Commodity | Date | Event | 5-day % | 20-day % |
| --- | --- | --- | --- | --- |
| RICE | 2025-08-17 | [Philippines suspends rice imports for 60 days, hitting Thai exporters \| The Star](https://feedsoft.ai/events/11821-philippines-suspends-rice-imports-for-60-days-hitting-thai-exporters-the-star.md) | -9.3% | -9.2% |
| RICE | 2025-10-05 | [Vietnam rice prices fall due to Philippines import ban \| Philstar.com](https://feedsoft.ai/events/22488-vietnam-rice-prices-fall-due-to-philippines-import-ban-philstar-com.md) | -3.9% | -7.6% |
| RICE | 2025-11-18 | [Philippines returns to Vietnam rice market ahead of January import window \| S&P Global](https://feedsoft.ai/events/10501-philippines-returns-to-vietnam-rice-market-ahead-of-january-import-window-s-and.md) | -0.2% | -9.1% |
| RICE | 2025-03-12 | [India may find it tough to win back 100% broken rice importers - The HinduBusinessLine](https://feedsoft.ai/events/25654-india-may-find-it-tough-to-win-back-100-broken-rice-importers-the.md) | -1.6% | -1.7% |
| RICE | 2025-08-16 | [Vietnam rice prices face steeper drop as Philippines halts imports - VnExpress International](https://feedsoft.ai/events/11819-vietnam-rice-prices-face-steeper-drop-as-philippines-halts-imports-vnexpress.md) | -9.3% | -9.2% |

## Sources

- uk.marketscreener.com: https://uk.marketscreener.com/quote/future/ROUGH-RICE-FUTURE-ZR-CBE--3881394/news/Philippines-says-rice-importers-may-shift-to-cheaper-Indian-grains-35533486/

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Data from Feedsoft AI (https://feedsoft.ai/). For information only; not investment advice.